REUTERS/Eduardo Munoz William Ackman, founder and CEO of hedge fund Pershing Square Capital Management, speaks at the Sohn Investment Conference in New York, May 5, 2014. Activist investor Ackman said on Monday that he recommends the shares of mortgage finance giants Fannie Mae and Freddie Mac because the companies have low liquidity risk. Valeant and […]

This beautiful Park City, Utah log cabin belongs to the billionaire father of onetime presidential hopeful Jon Huntsman. But Jon Huntsman Sr., founder of Huntsman Corp. and a major philanthropist, is having a tough time unloading the property, which first hit the market in 2009 with a $ 55 million asking price. He’s now lowered the […]

(30/05/14 20:00:33) DOHA/KUALA LUMPUR (May 30): Global airlines are gathering in Doha for an industry summit intended to celebrate 100 years of commercial air travel, but now darkened by the disappearance of Malaysian jetliner MH370. The International Air Transport Association, which represents about 80 percent of the aviation industry, has pledged to find new ways […]

KUALA LUMPUR (May 30): OSK Holdings Bhd Group’s profit after tax for the first quarter ended March 31, 2014 of RM41.68 million, was three per cent higher than the comparative quarter ended March 31, 2013. The improvement in profit was mainly due to a higher share of profit of an associated company, RHB Capital Bhd […]

KUALA LUMPUR (May 30): Uzma Bhd expects its newly-acquired Thai-based company, MMSVS Group Holdings Co Ltd, to contribute US$ 19 million to the group’s revenue in financial year 2015. Managing Director and Chief Executive Officer, Datuk Kamarul Redzuan Muhamed, said MMSVS would be fully-integrated under Uzma by July this year. “We probably recognised half of […]